. ,4-
. ROBERT OLYPHAN’I'
-:-. ' 'WEER-Ly.
OF NEW YORK.
RICHARD A. MGCURDY, President.
tatemett for the Year Ending Dec. 31,’97.
According to the Standard of the Insurance Department of the State of New York.
INGQMEO
Received for Premiums . ‘ . . . . .
From all other Spurces . .. . . . .
$42,693.20! 99
11,469,406 24
,554,162,608 23
DISBUESEMENVESQ
To Policy-holders for Claims by Death . . . . $13,279,630 66
T0 Policy-holders for Endowments, Dividends, etc. . ’12,712,424 76
For all other Accounts . . . . . 10,132,005 517.
. $36,124,060 99
ASSETSO
-NDRWALKIGAZ
United States Bonds and other Securities . , . $132,017,341 45
First Lien Loans on Bond and Mortgage . . . 69,423,937 31
Loans on Stocks and Bonds . . . . . - 12,880,308 00
Real.’Estate . . . . . . 21,618,454 88
Cash in Banks and Trust Companie . . . 11,705,195 82
Accrued Interest, Net Deferred Premiums, letc. . . 6,141,200 20
. $253,786,437 66
Reserve for Policies and other Liabilities . . 218,278,243 07
Surplus . . . . . . $35,508,194 59
Insurance and Annuities in Force . . . $936,634,496 63
Ihave carefully examined the foregoing Statement and find the same to be correct;
liabilities calculated by the Insurance Department. CHARLES A. PRELLER, Auditor.
From the Surplus adiv'idend will be apportioned as usual
Report of the Examining Committee.
Office of the Mutual Life Insurance Company of New York. '
To THE HONORABLE, THE BOARD or TRUSTEES or
THE MUTUAL LIFE INSURANCE GOHPAHY OF NEW YORK.
The undersigned, a Committee appointed by your honorable body, on the twenty-
second day of December, l897, to examine the Annual Statement of the Company and
to verify the same, reSpectfulIy—-—-r _
REPORT
That, pursuant to the power and authority thereby conferred, the Committee have, at various dates betWeen the
date of the said reference and the date of this Report, attended at the office Of the Company, and have been Waited 9,0.
by the Treasurer, the Comptroller,the Auditor, and the Cashier, together with the respective assistants of such Officers
and have carefully gone over all the items contained in the said Statement, and have found the same to be com 35, They
have examined and counted every certificate of stock, bond and other obligation held by the Company, and CQmpared
the prices at which the same are carried in said Statement With the market quotations, and find the same not exceeding
such quotations—in fact, in many cases below them. They have examined and counted the bonds and mortgages on real
old by the Company, and find the same to be as stated. They have also verified the valuation of the Com-
pany’5 holdings of real estate and have verified the depos1ts of money in the various banks and trust companies, and
have counted the cash on hand held by the Cashier.
And the Committee certify that all the books, papers, documents, and evidence of title of every description neces-
sary in such examination have been freely submitted to the Committee by the said officers and their. assistants, and “fit
the same are accurate, in good order, and well kept. .
And the Committee further certify that the Investments Of the Company are of a high order, and that the System
and methods adopted by the Company in recording its transactions and caring for the assets are entitled to commen dation
All of which is respectfully submitted. CHAS. R. HENDERSON ELBRIDGE T. GERRY A. N. W ATERHOUSE
NEW YORK, January 21, 1898. S. V. R. CRUGER J. HOBART HERRICK JAMES C. HOLDEN
property h
Board of Trustees.
GEORGE G. HAVEN
ADRIAN ISELIN JR.
GEORGE S. BOWDOIN
WILLIAM C. WHITNEY
WILLIAM ROOKEEELLEE
JAMES N. JARVIE
CHAS D. DICKEY JR.
ELBRIDGE T. GERRY
JAMES SPEYEB;
FREDERIO CBOMWELL
JULIEN T. DAVIES
A. N. WATERHOUSE
S. V. R. CRUGER
CHARLES R. HENDERSON
RUFUS W. PEGRHAM
J. HOBART HERRIOR
WM. P. DIXON
ROBERT A. GRANNISS
HENRY H. ROGERs
JNO. W AUGHINGLoss
THEODORE MOBFOBD
WILLIAM BABCOOK
STUrvESANT FISH
AUGUSTUS D. J UILLIARD
CHARLES E. MILLER
WALTER R. GILLETTE
H. WALTER WEBB
SAMUEL D. BABGOCK
RICHARD A. McCURDr
JAMES C. HOLDEN
HERMANN C. VON POST .
WILLIAM J. SEWEI.L
OLIVER HARRIMAN
GEORGE F. BAKER
DUDLEY OLGOTT
ROBERT A. GRANISS, Vice-President.
WALTER R. GILLETTE, General Manager. .
ISAAC F. LLOYD, 2d Vice.President DUES du—P. BRECK, Corresponding Secretary
‘WILLIAM J. EASTON, Secretary. . ALBERT KLAMROTH, Assistant Secretary.
FREDE RIC CROMWELL. Treasurer. ‘
JOHN A. FONDA, Assistant Treasurer. JAMES TIMPSON. 2d Assistant Tflasurer.
WILLIAM P. SANDS, Cashier. EDWARD P. HOLDEN, Assistant Cashier.
. EMORY MoCLlNTOCK, Actuary.
JOHN TATLOCK, JR , Assistant Actuary.
CHARLES A, PRELLER, Auditor. WILLIAM W. RICHARDS, Comptroller.
G. CLIFFORD GRETSINGER, Asuistant Auditor. HENRY 8. BROWN, Assistant Comptroller
JOHN C. ELLIOT, Superintendent of Domestic Agencies. ' '
EDWARD LYMAN SHORT. General Solicitor.
MEDIGAL DIRECTORS:
ELIAS J. MARSH, M. D- GRANVILLE )1, WHITE, M D
G. S. WINSTON M. D. Consulting.
/
N’IIGHOLS a stunner. General Agentg,
A... E. GAME, LOGS! Agent,
EN
THE no’uEYIN JAPAN
American Syndicate with Capital
of $10,000,000 to Operate.
G. T. YERKES AT THE HEAD
Electric Field in the Lung of the Mikado
is Boundless. A Proposition to an Amer-
ican Firm to Operate A11 Electric Light:
1113 and Power Plants in thelEmpire.
New York, Nov. 3.-—-Charles T. Yer-
kes of this city is at the head of 2. Chi-
cago syndicate which is considering a.
plan to cover Japan with a trolley car
system.
The Japanese government has made
a. proposition to the Siemens & Halske
Electric Company of America. to take
steps to install and. operate all electric
lines and incandescent lighting, and
electric power plants in the Japanese
empire.
The plan as it is now being consid-
ered is to capitalize the syndicate at
about $10,000,000 and although it is
probable the Elkins-Widener corpora-
tion of Philadelphia, may be interested
in the syndicate, when formed, it will
be essentially a Chicago organization,
and the company will be incorporated
under the laws of Illinois.
An agent of the Emperor Of Japan
who is now in the East, made the offer
to W'. T. Block, Of the Siemens & Hal-
sl-Ie Company, who says that although
he has not yet accepted the offer, he
Sees the possibility of immensen profits
for the syndicate that will, take the
matter up.
Japan is at present entirely destitute
of street railways, and the proposed
corporation would therefore have an
absolute monopoly.
The first business of the company, it
is said, will be the construction of
street railways in Tokio, a. city of
1,500,000 inhabitants. ~
In Tokio there is but one street car
line, and that is operated by horses.
Japanese companies have been organ-
ized for the purpose of carrying on the
street car business in Tokio, but
franchises have been refused because
none of them has given the necessary
guarantee of capital and enterprise suf-
ficient to carry the work to a. success-
ful issue.
The Chicago street magnate and his
system have most favorably struck the
subjects of the Mikado, and it is not
improbable that Mr. Yerkes will be do-
ing business with Tokio in the near
future.
110 Mishelna, son Of a. Japanese judge
at Tokio, it is said, is the-Japanese
representative who is in this country
arranging the deal for the Japanese
officials. It is said he was in Chicago
last Saturday. but is new is felladglz
phia. - turf“ ‘
. Islets:-
W-
Politics and the Peanuts. K
Norfolk, Va.. Nov. 3.—The political
disturbance in North Carolina is affect-
ing the picking and shipping of pea~
nuts to this market. _
At this season the shipments from
North Carolina. are the heaviest, but
the dealers say that the receipts are
only nominal now.
It is learned that the negroes who
pick the nuts have left the fields, and
are engaged in the bitter political fight
now being waged between the whites
and blacks. .
As a result, the country’s peanut
supply this winter will very likely be
short. _ . _
-.\‘»- .
v Lu w ....
The II'on—llIiuing Industry.
Milwaukee, Nov. 3.——The iron ore
shipments from the Gogebic, Vermilion
and Mesaba. and other northern ranges
will practically close by November 15
for the season. The output and ship-
ments for the season just closed will
be considerably greater than those of
last year.
Prices were not sufficiently advanced,
the mining men claim, to' correspond
with the increased demand for ore,
but the indications are good for a still
larger demand next year, and with
continued good trade improvement in
prices is expected.
Big Storm in the Channel.
London, Nov. 3.-—A severe southwest-
erly gale is raging along the coast and
trans—channel trafiis has been interrup-
ted. ” ,
Owing to the violence of the storm
the steamship Teutonicv, from New
York, October 26, did not touch at
Queenstown yesterday, but proceeded
to Liverpool.
A severe rain and wind storm has
swept over the south of Scotland, caus-
' d .' e . .
Inc, serious flood... “at“ 2"
Sickness a": Manna.
San Francisco, Nov. 3.-*‘When the
transport Peru, which has Just arrived
here. left Manila, there were 1,500
sick among the men, and the physi-
cians were dismayed at the progress
the smallpox was making.
According to a member of the Tenth
Pennsylvania, in one day there were
ten deaths from smallpox.
Captain Finn said that he knew of
but five deaths from that disease in a
single day.
3A Gigantic Trust.
New York, Nov. 3.——-Elbert H. Gary,_
a prominent Chicago attorney, has Op-
ened an office at 4-1 'Wall street as tem-
porary headquarters of the Federal
Steel Company.
This is one of the greatest trusts in
' the country and has a. capital of $30,-
000,000..
The organization will
soon secure
permanent quarters. ‘ '
Appointed by the President.
washingfon, Nov. 3.—The president
Q has appointed the following postmas->
; terszi
Conn‘ect‘icut—Wes‘tville, David G.
Monsdn.
New York—Clyde, George G. Roe;
QRed Hook; Herbert J. Curtis; Staple-
’ ton, Charles Schmeiser. '
Customs Revenue in Cuba. ‘
New York,- Nov.- 3.-—Walt‘er A. Don-
' aldson, the special representative of the
:treasury department 'at Santiago, re-
' ports that customs collections at that
; and a‘d’jacent‘ ports in possession of the
Liritcd Stateser the month-ob October
-\nm~"~tlta:-* to about; $70.00*“
'l' 'i.’ E -. '
TRANSPORT PANAMA GOES DOWN.
Wreckage of the Vessel Seen Near Cuban
, Coast.
Washington, Nov. 3.—Cable advices
received last night from a representa-
tive Of eneral Wood at Santiago an-
nounce the probable loss Of the Pane--
ma, once a. United States transport, off
Cape Maysi. The Panama. sailed from
Santiago on Tuesday, having on board
some 320 odd passengers, the greater
number of whom were soldiers. There
were a. few civilians aboard, including
Congressman Dalzell. I
The vessel should have been off Cape
Maysi yesterday, and it was expected
that she would reach New York city
on Saturday. ~
The news of the probable loss of the
vessel, according to the information re-
ceived here, was brought to Santiago
by a. fishing schooner. The schooner
left Santiago a. week ago, and while
cruising along the coast early yester-
day. morning, the captain sighted
wreckage. There were chairs and
trunks.
At first it was impossible to make out
from what craft the debris had come.
After a close inspection several pieces
of joiner work and some life preservers
were seen, each one bearing the name
of the transport Panama.
Believing that possibly all those on
the vessel might have been lost, the
captain put on all sail and headed
back to port. The information which
he brought caused a great deal of sor-
row in the American camp last, even
ing. . .--.. 4, . . -
One of the passengers on the Panamé}
was Congressman Dalzell of Pennsyl-
vania. He went to Cuba. in the inter-
est of the Pennsylvania Railway. Com-
pany and had completed his labors and
was returning homé, in company with
George M. Huff, former congressman:
at-large from Pennsylvania.
Dalzell and Huff expected to return
north on a. transport sailing a week
ago, but they were unavoidably detain-
ed and had to take passage on the Pan-
ama. .3135?
THE BUBONIC PLAGUE- «- '
. _ ~ >.m .‘.
. «mus-v,
r—v
Precautions to Prevent Its Being Brought
Here by Immigrants.
Washington. Nov. 3,—The Marine
Hospital service has received through
the state department a dispatch from
United States Consul General Hurst at
Vienna telling of the three deaths that
have occurred there from bubonic
plague, and that there are now only
six cases in the entire city, and these
are all hospital attendants.
Mr. Hurst adds that the infection of
immigrants is improbable. ,, .. .,
Dr. VVyman, surgeon general of the
Marine Hospital Service, says that no
unusual delays to the landing a; fig}:
York of immigrants 'fron‘l Austria-
Hungary are contemplated. .2; A.
The consulsat the ports of depart-
ure will examine each immigrant be-
fore he is allowed to go aboard ship,
and if he comes from the infected dis-
tricts his baggage will be disinfected,
and every other precaution taken to
prevent the spread of disease. " u. ,
In no case will an emigrant be al-
lowed to proceed if there is any rea-
son to believe that he has been in con-
tact with thc infection.
Dr. \Vyman is of the Opinion that
there is little or no danger Of the
plague being brought to this country
through immigrants or otherwise.
—¢
Dead Cashier a Dcf‘aultcr.
Hanover, Pa., Nov. 3.—A long hidden
deficiency, reaching about $57,000, has
been discovered in the accounts of the
late JohnH. Alleman, cashier of the
First National Bank of this place, who
died about three weeks ago.
The books have been in the hands of
an expert accountant since Allcman’s
death, and the shortage was thus- re-
vealed.
Mr. Alleman had been cashier of the
bank for twenty-eight years, and at no
time was he ever suspected of wrong
doing.
His d‘efalcations were cleverly cover-
ed up by means of “kiting,” or the use
of drafts on different out Of town banks
and thus deceived even the bank exam-
iners.
Mr. Alleman was under bonds of $30,-
000. and the bank will therefore suffer
little and it still has a. surplus of $44,~
000 over all liabilities. _.-«_~;:T wart-V"
.i. ‘-v-'»-\>,
Will Oeoupy (rote on Nov. 4.
Canea, Nov. 3.—The {Oreig’n admirals
have informed the Turkish govern-
or of Crete that they will proceed with
the military occupation of the various
administrative offices of the island on
November 4, and the Turkish authori-
ties will not thereafter be permitted to
re-enter them.
The Turkish troops then in the island
will cease to be regarded as garrisoning
Crete, and the Turkish military posts
and the military services will be abol-
ished. « ~
The admirals also ask the governor
to embark all the Turkish troops that
the transports now in Suds. bay will
hold and to request his government to
send enough transports speedily to em-
bark the rest.
Gen. Lee’s Mother Injured.
Fredericksburg, Va... Nov. 3.——Mrs.
Anne Maria. Lee, widow of the late
Captain Sidney Smith Lee, and mother
of eneral Fitzhugh Lee, had 'a‘ severe
fall on Monday at the home Of' her‘ son,
Captain Dan M. Lee, in Stafford coun-
ty, near this city, which resulted3 in
the breaking of her left hip. ‘
Mrs. Lee is nearly ninety years old,
totally blind and is in a. precarious con-
dition.
A Murderer Sentenced.
Buffalo, Nov. 3.—Antonio Giuseppe
Barone, the murderer of Felippe Fores-
tino, whose mutilated and dismember-
ed body was found floating in a. trunk
.in the canal here, has been refused a
new trial, and has been sentenced to
be killed by electricity at Auburn state
prison during the week of December
, 19.
The Chicago Reache. Sl‘ort. .
Queenstown, Nov. 3.—The British
steamer Chicago, Carl/in Marshall.
from Newcastle. for New York, pre.
viously reported spoken, with machin—
iken down, has arrived here un-
assisted. . _. ‘ ,
: . .
‘-
MlLES DEFENDS THE CUBANS. ' ‘3
HIS Belief that They Have Been Mist.-
presented by the Newspapers.
WaShington, Nov. 3.—“The Cubans,
like our own western Indians, will find
a defender in.General Miles, if he puts
the whole‘story Of the Santiago cam-
paign into his official report,” remark-
ed an army Officer of high rank yester-
day. _
“The general considers that the Cu?
ban army, a. part of it at least, has
been rather unfairly used by newspa-
per writers as a rule. The records Wlli"
show that General Miles’s experience
with General Garcia was very satis-
factory. Before the Santiago campaign
began‘, he Opened communications with
Garcia, who followed instructions to
the letter, and with a. promptness that
ought to take him out of the proverbial
‘manana' class. , ’
“The general first sent a. quantity of
arms, ammunition and supplies into the
island to enable the Cuban troops to
carry out his orders. On June ‘2 he
sent a message to Garcia, telling him
to intercept further reinforcements der-
tined for Santiago; to drive in the:
Spaniards from the outposts, and har-
rass the Santiago garrison in every
way so as to keep it busy; to capture a
commanding position overlooking the
city, where we could plant our artlle.
lery with advantage when we reached
the stage of besieging the city; and to
open communication at once with the
commanders of our military and naval
forces on their arrival.
“This message was received by Gar-
cia on the 6th, and the answer was
back in the general’s hands on the
10th. Garcia carried out these instruc-
tions intelligently and well. He plant-
ed his troops in small bodies where
they could be used most effectively;
and, though he had but ten thousand
men, and was facing a. force of thirty—
one thousand, he handled the work so
skillfully that the Spaniards got the
impression that an army of one 111.131,
dred theusend American soldiers was'
on its way across the island to attack
Santiago. General Miles feels that
Garcia. has never had half the credit
he deserved for what he really accom—
plished. and it would not be surprising
if he said so in plain "English in his re:
port.” ' ’ ‘ 3“
If General Miles does make such a
presentation of the case, it will up.-
doubtedly stir up some more controver—
sy, both on the part of officers who
have not hesitated to criticise the Cu-
bans with much severity, but on the
part of those who have insisted that
General Miles did not actually inaugu-
rate and direct the Santiago campaign.
The dates of General Miles’s corres-
pondence with Garcia, which were sta—
ted with absolute assurance by the in-
formant. show tow far back he was
arranging the plans which General
Shafter was afterward deputized to
carry out. . ,_ _,_
.- Bringing Soldiers’lleslies llama as
Washington,- Nov. 3.=-:The following
cable dispatch has been received at the
war department: . ' ‘
Santiago de Cuba, Nov. 138
Adjutant General, Washington: s.
Transport Pans. sailed yesterday
with remains Of following named:
Captain W“. M. Dickinson, Lieuten-
ant Dennis M. Mickie, Seventeenth in-
fantry; Lieutenant Thomas A. Wans-
bore, Seventh infantry; Sergeant M.
D. Russell, First volunteer cavalry;
Privates Fred B. Taft, Silas Under
graves, J r., F. Hakenson, Harvey Ran-
dall, ‘IV. C. Green, J. C. King, Second '
Massachusetts volunteer inQantry; C.
Culman, Thirty—fourth Michigan vol—
unteer infantry; Privates A. Geisman,
Sidney A. .Schoflield, Seventy-first New
York volunteer infantry; Private John
Nikoden, First llinnis volunteer infanl-
try; James W. ‘tholsr, Second Massa-
chusetts volunteer infantry.
' WOOD.
Commanding.
r Called on the President.
Washington, Nov. 3.—President Me-
Kinley had a number of distinguished
visitors yesterday.
The Chilian minister, Carlos Meria_
Vicuna, requested the president to
give consent to the appointment of
Mr. Buchanan, minister of the United
States to the Argentine Republic, as
an arbitrator betWeen’ that country
andChili, should his services be need.
ed. _
The president expressed pleasure at
the high honor conferred upon the
representative of this country, and
will give his formal consent in the
event Mr. Buchanan’s services are
needed. - ' ‘ ”£3”,
Sir Julian Pauncefote, the British
ambassador, and Lord Hershel, for-
merly lord high chancellor of England,
now at the head of the Canadian coin~~
mission which is I:- meet here on the
tenth instant, also called to pay re-
spects. ‘ ~_‘ "*9“
_¢.
..a- l’
Calls Us Hypocrites. Vii
Paris, Nov. 3.-—The Soleil yesterday
commenting editorially upon the posi-
tion assumed by the American peace
commissioners, said:
“No monarchical government would
have dared to conduct itself after the
fashion of the Americans, who are for»
ever talking so much of right and lib-
erty. The plan of the Americans is
now evident. It is to take all of Spain's
colonies and leave Spain the debts of
all those colonies.
“This is the result of the holy war
undertaken to insure the independence
of the Cubans. Vi’hat base hypocrisy
do these liberals, these Democrats,
these Republicans show!”
May Review the Troops.
. Washington, Nov. 3.——President Mes
:Kinley may go to Lexington, Ky., and
:review the twelve regiments now at
.Camp Hamilton on his way to Canton
to vote.
A delegation of prominent citizens of
Lexington waited on the president yes-
terday and extended the invitation.
They were Mayor Slmrall, ex-Lieu-
tenant Governor Alford, Leonard G.
Cox and W. J. Longbridge.
The president stated that he would
be very- glad to accept the invitation if
possible, and would give the delega-
tion an answer later.
To Muster Out the 22d.
Washington, Nov. 3.—The war de-
partment has ordered the muster out
of the Twenty-second New York regi-
ment. Colonel Franklin Bartlett, mem-
ber of Congress, commanding. The
regiment. is now at Fort Slocum.
Norwalk Chronicler